To invest you gotta have some money

Asylum Patient

Asylum Patient

I want money
May 13, 2021
4,340
I know, its a groundbreaking discovery that I made.

But seriously everyone says "Just invest bro", "Just build a huge stock portfolio bro", "Just buy dozens of real estates bro". The problem is even if you have a full time job depending on your country you are getting taxraped beyond repair. After the goobernment is done with you you have almost nothing.

At the end of the month most people barely have any money left to save up, which means they cant invest shit. Sure maybe in 10 years John Doe at age 38 can finally invest a few k in some stocks and think he will become rich of it, its laughable.:feelslol:
 
Asylum Patient

Asylum Patient

I want money
May 13, 2021
4,340
it's not even worth considering getting into investing/speculation unless you have at least several tens of thousands of dollars available on had.
100% agreed. Only exception I could think of would be if someone plays the lifelong game by investing in index funds or goes the high risk route by using those smaller amounts to daytrade but I see that more as gambling than investing.
 
Asylum Patient

Asylum Patient

I want money
May 13, 2021
4,340
Send me 1k and i can flip if for you guys to 5k
Losers flip burgers, winners flip money. Clever and strategic self promotion here btw hats off:feelskek::feelslala:
 
Unemployed

Unemployed

McMahonist
Nov 28, 2020
5,111
it's not even worth considering getting into investing/speculation unless you have at least several tens of thousands of dollars available on had.
People listened to bad advice like this and missed out on bitcoin and other crypto coins. All while junkies who used bitcoin to buy drugs online made serious money without even trying to get rich 😀

You absolutely should invest with a small amount of capital.

But also understand that you have to take more risks than the pension funds with billions of dollars to invest.

That means investing in small companies that could go bust any day hoping that at least one of them would make it big.
 
Last edited:
Unemployed

Unemployed

McMahonist
Nov 28, 2020
5,111
People listened to bad advice like this and missed out on bitcoin and other crypto coins. All while junkies who used bitcoin to buy drugs online made serious money without even trying to get rich 😀

You absolutely should invest with a small amount of capital.

But also understand that you have to take more risks than the pension funds with billions of dollars to invest.

That means investing in small companies that could go bust any day hoping that at least one of them would make it big.
also if you do sports betting it's always better to bet for the underdog. You want the odds to be as high as possible.

Use the kelly criterion to decide how much you're going to bet.


And play on bet exchanges like Matchbook. Stay away from casinos unless they offer better odds.
 
Incellectual_Anon

Incellectual_Anon

NEET
Apr 13, 2022
3,674
At the end of the month most people barely have any money left to save up, which means they cant invest shit. Sure maybe in 10 years John Doe at age 38 can finally invest a few k in some stocks and think he will become rich of it, its laughable.:feelslol:

My Minnesota ABLE account is invested into several stock funds, allowing me to increase my wealth over time while diverting the rest of my money into crypto.
 
Employed

Employed

🥈
Aug 10, 2022
163
I'm sorry to break it for you but you're not meant to be rich. You lack the grindset.

Starting an online biz is super inexpensive. Let me do the math for you.
  • Wordpress & Woocommerce = 0 bucks
  • Domain name: 8 bucks
  • Yearly renewal: 12 bucks
  • Hosting, 12 months = 40 bucks
So here you have it. You need just 50 bucks to start an online store if you start from zero.


Now let's talk about selling shit on eBay and Etsy. You can and you should sell items that you don't own yet. Now how can you sell items that you don't possess? Easy. Go to any second hand store in your city and start scanning for attractive items. Take pictures of them and use them to fill your eBay and Etsy listings. You're going to buy the items from the second hand shop after someone has bought it from your eBay or Etsy. If the item is gone from the second hand shop, just say that the item got lost during the shipping. This is very easy money for you.


What about YouTube?
Are you seriously going to tell me that you're worse at making money online than teenagers who aren't old enough to get a credit card? Smh. Seriously. Yes, YouTube is super saturated etc. and the algorithm favors the channels that are old. But you don't have to pray the YouTube algorithm to promote your shitty videos. Idiots do that.

You can literally promote your videos by yourself on multiple different forums and image boards. Heck, you can even pay virtual assistants and promoters to advertise your videos online on Reddit, Quora, and everywhere you like. Chinese, African, and Arabic forums even. They will spam your videos everywhere you like for 5-10 bucks. It's that cheap. No big investment. Big brain moment, yes?

Owning a business and being an entrepreneur is 100 x more profitable than investing in assets or real estate. You can sell your businesses for 3 year multiples (monthly profit x 36). You can't sell your stocks or real estate for 3 year multiples lmao 😀

 
R

Repulsive

NEET
Aug 13, 2022
57
I know, its a groundbreaking discovery that I made.

But seriously everyone says "Just invest bro", "Just build a huge stock portfolio bro", "Just buy dozens of real estates bro". The problem is even if you have a full time job depending on your country you are getting taxraped beyond repair. After the goobernment is done with you you have almost nothing.

At the end of the month most people barely have any money left to save up, which means they cant invest shit. Sure maybe in 10 years John Doe at age 38 can finally invest a few k in some stocks and think he will become rich of it, its laughable.:feelslol:
Good idea
 
Incellectual_Anon

Incellectual_Anon

NEET
Apr 13, 2022
3,674
My Minnesota ABLE account is invested into several stock funds, allowing me to increase my wealth over time while diverting the rest of my money into crypto.

My crypto portfolio was briefly boosted from $300 to $560 in July.
 
SoupaSilva

SoupaSilva

obies grainy sourcer
Oct 6, 2021
4,372
I'm sorry to break it for you but you're not meant to be rich. You lack the grindset.

Starting an online biz is super inexpensive. Let me do the math for you.
  • Wordpress & Woocommerce = 0 bucks
  • Domain name: 8 bucks
  • Yearly renewal: 12 bucks
  • Hosting, 12 months = 40 bucks
So here you have it. You need just 50 bucks to start an online store if you start from zero.


Now let's talk about selling shit on eBay and Etsy. You can and you should sell items that you don't own yet. Now how can you sell items that you don't possess? Easy. Go to any second hand store in your city and start scanning for attractive items. Take pictures of them and use them to fill your eBay and Etsy listings. You're going to buy the items from the second hand shop after someone has bought it from your eBay or Etsy. If the item is gone from the second hand shop, just say that the item got lost during the shipping. This is very easy money for you.


What about YouTube?
Are you seriously going to tell me that you're worse at making money online than teenagers who aren't old enough to get a credit card? Smh. Seriously. Yes, YouTube is super saturated etc. and the algorithm favors the channels that are old. But you don't have to pray the YouTube algorithm to promote your shitty videos. Idiots do that.

You can literally promote your videos by yourself on multiple different forums and image boards. Heck, you can even pay virtual assistants and promoters to advertise your videos online on Reddit, Quora, and everywhere you like. Chinese, African, and Arabic forums even. They will spam your videos everywhere you like for 5-10 bucks. It's that cheap. No big investment. Big brain moment, yes?

Owning a business and being an entrepreneur is 100 x more profitable than investing in assets or real estate. You can sell your businesses for 3 year multiples (monthly profit x 36). You can't sell your stocks or real estate for 3 year multiples lmao 😀


How much money do you make from your business?
 
abcxyz

abcxyz

NEET
Dec 6, 2020
60
No, you just need to be productive and a fast internet connection. Also, have to have intelligence.
 
Last edited:
abcxyz

abcxyz

NEET
Dec 6, 2020
60
it's not even worth considering getting into investing/speculation unless you have at least several tens of thousands of dollars available on had.
I didn't have that but after investing, I do now.
 
abcxyz

abcxyz

NEET
Dec 6, 2020
60
But it was probably something retarded like bitcoin or GME. I don't consider that investing. Not even speculation. That's straight gambling.
It wasn't Bitcoin or GME. Mostly ETH and Altcoins with actual use. I admit I got lucky with one. But rest of my trades were as a result of 10s of hours of market research, reading whitepapers, asking team members, checking for tokenomics flows and much more. I spend upto 40 hours researching a single project.
 
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